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Published on 12/13/2019 in the Prospect News Emerging Markets Daily.

S&P upgrades Serbia

S&P said it upgraded the long-term sovereign credit rating Serbia to BB+ on its resilient macroeconomic fundamentals.

The short-term rating was affirmed at B.

The outlook is positive.

“Serbia's GDP is set to expand by 3.6% in 2019 and almost 4% in 2020,” the agency said in a news release.

“Fiscal discipline will keep public debt contained, whereas monetary accommodation abroad and at home will help improve its profile.”


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